India's JTL Industries rises on higher annual sales

JTL Industries

02/04/2024 06:12

** Shares of steel tubes and pipes maker JTL Industries
 JTLI.NS  rise as much as 8.2% to 218 rupees
    ** JTLI on Monday said its annual sales volume for FY24
reached 341,846 metric tons, a 42.3% Y/Y rise
    ** Its value-added products business, which contributes 90%
of export sales volumes, reported a 34.5% Y/Y rise to 99,818
metric tons
    ** Stock eyes busiest day in 11 sessions 
    ** JTLI, however, has fallen ~10.4% so far YTD; it rose
~53.6% in 2023


 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))